Whenever the AT protocol of BlueSky is set for others to deploy, won't it have similar problems as ActivityPub instances?

I feel like I may be missing something when it comes to BlueSky, or maybe both I and those trying it out are but in different ways. My understanding is that BlueSky is currently like the Mastodon Social instance is for Mastodon but of the AT Protocol under development, with the long term aim being that once their protocol is...